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DISSOLUTION AND MERGER

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BY LAWS

 

ARTICLE XII

DISSOLUTION AND MERGER

 

Section 1 The Division may petition for dissolution or merger with another Division by mail vote of its membership, the ballots to be mailed no more than 45 days after an annual business meeting at which a majority of the members present vote that it no longer meets the needs of the membership. If two-thirds of the mail ballots favor dissolution or merger, the petition shall be submitted to the Division Cabinet officers for presentation to the Association Board of Directors, which shall make the final decision.

 

Section 2 In the event of dissolution, all assets of the Division shall revert to the Association. In the event of merger, assets shall become a part of the new merged unit, as decided upon by the two bodies concerned. Any other moneys shall revert to the Association.

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